nancy2
Level 5
03-05-2021
05:46 PM
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I have a 1065 return for an investment partnership. There are Sec 1250 gains from 1099s. The total of those amounts are $275. One of the partners owns 99.7% of the partnership. The $275 flows from 4797 to that one partners K-1. However, when I print the return, there is a page at the very end of the return, not behind this partners K-1, that says, Additional Information for Tax Return. Then it references this partners K-1 and says, "Unrecaptured Section 1250 gain $430"...... I have no idea where the $430 amount comes from. I did not enter that anywhere. I also cannot locate this page in the program to delete it.
Any idea how to get this out of the return?
Thanks
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